A level term life insurance policy is life insurance coverage for a temporary duration, usually up to thirty years.
Level Term refers to your premium remaining level throughout the entire Policy Term, while the amount of life insurance provided by your policy also remains level.
This means, your premiums never increase and the amount of life insurance never decreases during the policy term.
You may be able to choose a policy term of 10, 15, 20, 25 or 30 years. Some insurers even offer up to 35 or 40 year term life policies.
The longer your policy duration, the higher your rate per $1,000 of life insurance coverage.
If the insured dies during the policy term, while coverage is In Force, the death benefit is paid out to the beneficiary of the policy.
Learn more about how level term life insurance works.
Level Term refers to your premium remaining level throughout the entire Policy Term, while the amount of life insurance provided by your policy also remains level.
This means, your premiums never increase and the amount of life insurance never decreases during the policy term.
You may be able to choose a policy term of 10, 15, 20, 25 or 30 years. Some insurers even offer up to 35 or 40 year term life policies.
The longer your policy duration, the higher your rate per $1,000 of life insurance coverage.
If the insured dies during the policy term, while coverage is In Force, the death benefit is paid out to the beneficiary of the policy.
Learn more about how level term life insurance works.
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